PGIM Private Credit Fund Files 8-K Report
Ticker: PGIM · Form: 8-K · Filed: May 30, 2024 · CIK: 1923622
| Field | Detail |
|---|---|
| Company | Pgim Private Credit Fund (PGIM) |
| Form Type | 8-K |
| Filed Date | May 30, 2024 |
| Risk Level | low |
| Pages | 3 |
| Reading Time | 3 min |
| Key Dollar Amounts | $111.1 m, $113.9 m, $14.2 million, $2.5 billion |
| Sentiment | neutral |
Sentiment: neutral
Topics: regulatory-filing, 8-k
TL;DR
PGIM Private Credit Fund filed an 8-K, mostly routine regulatory stuff.
AI Summary
On May 24, 2024, PGIM Private Credit Fund filed an 8-K report. The filing primarily concerns regulatory disclosures and other events, with no specific material financial transactions or significant corporate changes detailed in the provided excerpt. The report was filed on May 30, 2024.
Why It Matters
This filing indicates ongoing regulatory compliance and reporting for PGIM Private Credit Fund, providing transparency to investors and the market.
Risk Assessment
Risk Level: low — The filing appears to be a standard regulatory disclosure without immediate, significant financial or operational impact.
Key Players & Entities
- PGIM Private Credit Fund (company) — Registrant
- May 24, 2024 (date) — Earliest event date
- May 30, 2024 (date) — Filing date
- 655 Broad Street Newark, New Jersey 07102-4410 (address) — Principal executive offices
FAQ
What is the primary purpose of this 8-K filing for PGIM Private Credit Fund?
The filing is for Regulation FD Disclosure and Other Events, indicating standard reporting and compliance activities.
When was the earliest event reported in this 8-K filing?
The earliest event reported was on May 24, 2024.
On what date was this 8-K filing submitted to the SEC?
The filing was submitted on May 30, 2024.
What is the principal executive office address for PGIM Private Credit Fund?
The principal executive offices are located at 655 Broad Street, Newark, New Jersey 07102-4410.
Was there a previous name for PGIM Private Credit Fund?
Yes, the fund was formerly known as PGIM Senior Loan Opportunities Fund, with a name change date of April 14, 2022.
Filing Stats: 752 words · 3 min read · ~3 pages · Grade level 9.5 · Accepted 2024-05-30 16:45:52
Key Financial Figures
- $111.1 m — 30, 2024, the Fund's aggregate NAV was $111.1 million, the fair value of its investment
- $113.9 m — r value of its investment portfolio was $113.9 million, and it had $14.2 million of debt
- $14.2 million — ortfolio was $113.9 million, and it had $14.2 million of debt outstanding (at principal). St
- $2.5 billion — ly offering on a continuous basis up to $2.5 billion in Shares (the " Offering "). Additiona
Filing Documents
- tm2415994d1_8k.htm (8-K) — 36KB
- 0001104659-24-066701.txt ( ) — 200KB
- none-20240524.xsd (EX-101.SCH) — 3KB
- none-20240524_lab.xml (EX-101.LAB) — 33KB
- none-20240524_pre.xml (EX-101.PRE) — 22KB
- tm2415994d1_8k_htm.xml (XML) — 3KB
01. Regulation FD Disclosure
Item 7.01. Regulation FD Disclosure. May 2024 Distributions On May 22, 2024, the Fund declared a regular distribution for Class S shares, Class D shares and Class I shares of beneficial interest (the " Shares ") in the amounts per share set forth below: Distribution Class S Common Shares $ 0.20680 Class D Common Shares $ 0.22100 Class I Common Shares $ 0.22500 The distribution for the Shares is payable to shareholders of record as of the open of business on May 31, 2024 and will be paid on or about June 26, 2024. This distribution will be paid in cash or reinvested in shares of the Fund's Shares for shareholders participating in the Fund's distribution reinvestment plan (" DRIP ").
01. Other Events
Item 8.01. Other Events. Net Asset Value The net asset value (" NAV ") per share of each class of the Fund as of April 30, 2024, as determined in accordance with the Fund's valuation policy, is set forth below. NAV as of April 30, 2024 Class S Common Shares $ 25.22 Class D Common Shares $ 25.22 Class I Common Shares $ 24.78 As of April 30, 2024, the Fund's aggregate NAV was $111.1 million, the fair value of its investment portfolio was $113.9 million, and it had $14.2 million of debt outstanding (at principal). Status of Offering The Fund is currently publicly offering on a continuous basis up to $2.5 billion in Shares (the " Offering "). Additionally, the Fund has sold shares that are exempt from the registration provisions of the Securities Act of 1933, as amended, pursuant to Section 4(a)(2) thereunder (the " Private Offering "). The following table lists the Shares issued and total consideration for both the Offering and the Private Offering as of the date of this filing, reflective of transfers between share classes. The table below does not include Shares sold through the Fund's DRIP. The Fund intends to continue selling Shares in the Offering and the Private Offering on a monthly basis. Common Shares Issued Total Consideration Offering: Class S Common Shares — $ — Class D Common Shares — $ — Class I Common Shares 41,639 $ 1,027,500 Private Offering: Class S Common Shares 382 $ 10,000 Class D Common Shares 382 $ 10,000 Class I Common Shares 4,285,940 $ 109,102,500 Total Offering and Private Offering * 4,328,343 $ 110,150,000 * Amounts may not sum due to rounding. SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. PGIM PRIVATE CREDIT FUND Date: May 30, 2024 By: /s/ Elyse M. McLaughlin Name: Elyse M. McLaughlin Title: Treasurer and Principal Accounting